57296
BMI: No Trump Effect on Mining Investments
BMI: No Trump Effect on Mining Investments
  1. Economy
  2. Business And Markets

BMI: No Trump Effect on Mining Investments

  1. Economy
  2. Business And Markets

BMI: No Trump Effect on Mining Investments

The government of US president-elect Donald Trump will have no significant impact on foreign investments into Iran’s mining sector, as any reinstatement of sanctions will, if at all, pose minimal additional hurdles to entrepreneurs, according to analysts.
In a note on Monday, BMI researchers say they rather see other factors, such as domestic operational challenges and low mineral prices, preventing investors from tapping into Iran’s vast mineral wealth, Mining.com reported.
As soon as Iran reentered the global economy early last year, the government opened up $29 billion worth of mining projects to foreign investors, roughly equal to the oil and gas investments up for grabs.
Since then, Tehran has approved $2 billion worth of foreign direct investment for 29 industrial and mining projects. And just last week, it announced plans to kick off 10 new mining-related ventures by the end of September.
The projects include a rare earth elements production unit, a phosphoric acid plant, a lead-zinc concentrate mill and the second phase of Zarshouran gold processing plant.
BMI analysts do warn that Trump’s antagonist rhetoric against Iran may cause a return to instability in the region and in the country itself over the next few years, posing downside risks to the development of its rising mining sector.
They also note that poor infrastructure, bureaucracy, a complex legal system and low mineral prices are the most likely challenges companies are expected to face there.
According to official figures, Iran stands to make an estimated $700 billion off its vast deposits of minerals such as copper, iron ore, zinc, lead and heavy rare earth elements.
Currently, the nation has more than 3,000 active mines, mostly privately owned.

Short URL : https://goo.gl/qtfKoA
  1. https://goo.gl/XsoAvG
  • https://goo.gl/r5W7sD
  • https://goo.gl/Fh6gZI
  • https://goo.gl/2Idp6m
  • https://goo.gl/Te2enG

You can also read ...

BPI will hold the Second Fintech Trig-Up during the  festival on March 8-10.
The exponential growth of fintech startups in Iran, along with...
Japan Planemaker Holds Off Iran Plans Amid Trump Uncertainty - (Photo: atwonline.com)
Japan’s Mitsubishi Aircraft Corporation has put on hold its plan...
Russia, Iran to Revitalize Banking Cooperation
Bank Melli Iran and the Central Bank of Russia have agreed to...
Vehicle Insurance About to Get Fairer
A number of provisions in a revised law pertaining to motor...
Annual Exports to Afghanistan Reach $2.8b
Afghanistan imports some $2.8 billion worth of commodities from...
Money and Credit Council decided in September to lower the minimum capital requirement to establish a bank in free trade zones.
Since three years ago, the Central Bank of Iran has endeavored...
Iran aims to export between 20 and 25 million tons of steel annually by 2025.
Iran has hired an attorney and plans to fight the European Steel...
2 New Peugeots Coming
Iran’s auto market will receive two new imported Peugeots by...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus